STEng – BT
ST Engg unit bags another rail project in Guangzhou
SINGAPORE Technologies Engineering’s subsidiary ST Electronics has won another mass rapid transit project in Guangzhou, China, taking the tally to six. It will supply platform screen doors for the Guangzhou-Foshan Line (GFL) that will run 32.3km from Kuiqi Station in Foshan to Lijiao station in Guangdong province.
ST Electronics will design and supply equipment and software, and install, test and commission 42 sets of doors spanning 21 stations. The doors are a safety barrier to the tracks and synchronise with the opening of train doors. The contract, awarded by Guangzhou Metro Corporation and Foshan Metro Corporation, is worth 53.6 million yuan (S$11.3 million).
Work is expected to be completed by the second half of 2010. ‘ST Electronics is delighted to be awarded another project in Guangzhou,’ said company president Seah Moon Ming. ‘It reflects our customers’ confidence in the quality, safety and cost-effectiveness of our rail electronics solutions.’
ST Electronics was recently awarded contracts to supply an automatic fare collection system for Bangkok’s Mass Transit System’s Silom Line extension and a train communications system for Hong Kong’s Mass Transit Railway (MTR).
The Guangzhou contract is not expected to have a material impact on ST Engg’s consolidated net tangible assets per share or earnings per share for the current financial year.